NGI announces the opening of Nomination for Board of Directors Membership

NGI announced their opening of nominations for the Board of Directors. As per the report, any person or shareholder who meets the requirements for nomination can apply. The application should enclose an introductory profile of the applicant and the capacity of membership for which he wishes to nominate himself (Executive Director/ Non-Executive Director/ Independent Director). The nominations will be accepted from September 21, 2021 until September 30, 2021.

Circular From SCA regarding uncollected dividend

Kindly be informed that SCA has decided to postpone the transfer of profits not received by Shareholders to the Authority’s account until the date of December 31, 2021, in order to allow companies to pay the largest possible amount of profits to their shareholders who are entitled to distributions of profits before March 1, 2015, therefore, All companies are required to continue Disbursement of profits to its eligible shareholders and those who applied for it, in accordance with the procedures in force in this regard, and the companies should delivers monthly to the Authority reports on cash profits that are distributed during the month and approved by the CEO or general manager of the company (even in the event that no profits are paid during the month). 

Notification from National General Insurance Company PJSC

Description: National General Insurance Company (P.J.S.C.) “NGI” notes the published press release regarding the deal to sell ENBD shares, 21.53% of the issue Share of NGI to Dubai Investment. The aggregate ownership of Dubai Investment in NGI has reached a total of 29.99% of the issued shared capital of NGI.

Circular From SCA regarding uncollected dividend

Kindly be informed that SCA has decided to postpone the transfer of profits not received by Shareholders to the Authority’s account until the date of December 31, 2021, in order to allow companies to pay the largest possible amount of profits to their shareholders who are entitled to distributions of profits before March 1, 2015, therefore, All companies are required to continue Disbursement of profits to its eligible shareholders and those who applied for it, in accordance with the procedures in force in this regard, and the companies should delivers monthly to the Authority reports on cash profits that are distributed during the month and approved by the CEO or general manager of the company (even in the event that no profits are paid during the month).

Circular From SCA regarding uncollected dividend

Kindly be informed that SCA has decided to postpone the transfer of profits not received by Shareholders to the Authority’s account until the date of December 31, 2021, in order to allow companies to pay the largest possible amount of profits to their shareholders who are entitled to distributions of profits before March 1, 2015, therefore, All companies are required to continue Disbursement of profits to its eligible shareholders and those who applied for it, in accordance with the procedures in force in this regard, and the companies should delivers monthly to the Authority reports on cash profits that are distributed during the month and approved by the CEO or general manager of the company (even in the

event that no profits are paid during the month).